Melior Foundation I in Birmingham, Alabama (AL)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Melior Foundation I | |
| Employer Identification Number (EIN) | 631134201 |
| Name of Organization | Melior Foundation I |
| In Care of Name | Mary Mangina |
| Address | 200 Cahaba Park Cir Ste 250, Birmingham, AL 35242-8083 |
| Activities | School, college, trade school, etc. |
| Subsection | Charitable Organization |
| Ruling Date | 02/1997 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 09/2010 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Not required to file (all other) (990-PF required) |
| Asset Amount | $211,648 |
| Amount of Income | $266,133 |
| Form 990 Revenue Amount | $7,862 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: |
Non-representatives - add comments:
Amount of income in 2010: $266,133 (it was $7,862 in 2011)
| Melior Foundation I: | $266,133 |
| Other organizations performing similar types of work: | $209,864 |
Assets in 2010: $211,648 (it was $213,926 in 2011)
| This organization: | $211,648 |
| Other organizations performing similar types of work: | $267,513 |
Expenses in 2011: $25,398
| This organization: | $25,398 |
| Other organizations performing similar types of work: | $147,805 |
Income to expenses ratio in 2011: 10.5
| This organization: | 10.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2011: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2011
Assets for 2011
| Analysis of Revenue and Expenses (for 2011) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $7,862 | $7,862 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $3,805 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $4,057 | |||
| Total expenses and disbursements | $25,398 | $0 | $0 | $0 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $25,398 | $0 | $0 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-17,536 | |||
| Net investment income | $7,862 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2011) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $213,926 | $213,926 |
| Cash - non-interest-bearing | $21,001 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $192,597 | |
| Other | $328 | |
| Total liabilities | $1 | |
| Mortgages and other notes payable | $0 | |
| Other | $1 | |
| Total liabilities and net assets/fund balances | $213,926 | |
| Capital Gains and Losses for Tax on Investment Income (for 2011) | |
| Capital gain net income | $4,057 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2011) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $157 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $157 |
| Amount to be credited to 2012 estimated tax | $0 |
| Statements Regarding Activities (for 2011) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2011) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011? | Yes |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2011) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $218,558 |
| Net value of noncharitable-use assets | $215,280 |
| Minimum investment return | $10,764 |
| Distributable Amount (for 2011) | |
| Distributable amount | $10,607 |
| Undistributed Income (for 2011) | |
| Distributable amount for 2011 | $10,607 |
| Undistributed income for 2011. This amount must be distributed in 2012 | $10,607 |
| Private Operating Foundations (for 2011) | |||||
| 2011 | 2010 | 2009 | 2008 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Work Force Development Center A Resource Center For Our Future | 11215 47th Ave W, Mukilteo, WA 98275-5005 | WA | 1996-12 | $3,657,254 |
| 2 | Melior Foundation I | 200 Cahaba Park Cir Ste 250, Birmingham, AL 35242-8083 | AL | 1997-02 | $266,133 |
| 3 | Washington County Student Trades Foundation | 50 W Oak Ridge Dr, Hagerstown, MD 21740-7302 | MD | 1987-05 | $178,845 |
| 4 | Western States School Of Banking Foundation | PO BOX 4140, Farmington, NM 87499-4140 | NM | 1991-09 | $107,581 |
| 5 | Melior Foundation I | 200 Cahaba Park Cir Ste 250, Birmingham, AL 35242-8083 | AL | 1997-02 | $74,908 |
| 6 | Len Guire School Of Fashion, Lenguire Institute Of Fashion Inc | 802 Walnut St, Piscataway, NJ 08854 | NJ | 1996-10 | $37,412 |
| 7 | 180 Inc | 823 47th St, Los Alamos, NM 87544 | NM | 1995-01 | $0 |
| 8 | Balsams Culinary School Inc, The Balsams Culinary Apprenticeship Program Inc | 1138 East Conway Rd, Center Conway, NH 03813 | NH | 1996-05 | $0 |
| 9 | Business Skill Training Center Inc | Rt 1 Box D 10a, Boligee, AL 35443-9801 | AL | 1995-08 | $0 |
| 10 | Careers In Construction | 1001 S Division Ave Ste 200, Grand Rapids, MI 49507-1074 | MI | 1996-09 | $0 |
| 11 | Godus Inc | 3050 Biscayne Blvd Ste 100, Miami, FL 33137-4143 | FL | 1995-10 | $0 |
| 12 | Graphic Arts Institute Of Northern California | 665 3rd St Ste 500, San Francisco, CA 94107-1956 | CA | 1969-01 | $0 |
| 13 | Kappa Kappa Psi Fraternity | Po Box 849, Stillwater, OK 74076 | OK | 1976-11 | $0 |
| 14 | Mengo Centre For Arts And Technology U Inc | 38 E Ridgewood Ave 118, Ridgewood, NJ 07450-3808 | NJ | 1998-04 | $0 |
| 15 | New Hope Of Alaska | 560 Denali St, Wasilla, AK 99654-8115 | AK | 1996-07 | $0 |
| 16 | Organization For Wildlife Lodging Inc | 1330 Lander St, Reno, NV 89509-2654 | NV | 1996-07 | $0 |
| 17 | Project Uplift | 115 Leroy St, Shrevepon, LA 71101-2441 | LA | 1993-02 | $0 |
| 18 | Restore Team Development School Inc | 2803 W Arlington Street, Orlando, FL 32805 | FL | 1995-06 | $0 |
| 19 | Santa Fe College Of Design Inc | 6041 Lokomaikai Pl, Kapaa, HI 96746-9715 | HI | 1996-10 | $0 |
| 20 | Southeast Arkansas School Of Janitorial & Yard Maintenance Svc | PO BOX 9514, Pine Bluff, AR 71611-9514 | AR | 1996-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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